Hubbell Inc (HUBB)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	1,442,700	2,023,200	1,437,900	1,435,500	1,436,900
Total stockholders’ equity	US$ in thousands	3,268,300	2,877,000	2,360,900	2,229,800	2,070,000
Debt-to-capital ratio		0.31	0.41	0.38	0.39	0.41

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,442,700K ÷ ($1,442,700K + $3,268,300K)
= 0.31

The debt-to-capital ratio of Hubbell Inc has shown a decreasing trend from 0.41 as of December 31, 2020, to 0.31 as of December 31, 2024. This indicates that the company's level of debt relative to its total capital has been decreasing over the years, suggesting a potentially improved financial stability and lower financial risk. It is essential to monitor this ratio over time to ensure the company maintains a healthy balance between debt and equity in its capital structure.